On June $10,20$X$1,$ Alaska State Company recelved a $$4,400,45-$day, $12$ percent note from Samuel Adams, a customer whose account was past due. Alaska discounted the note on June $25,20$X$1$ at Georgla State Bank and Trust. Samuel Adams dishonored the note recelvable discounted by Alaska State. Assume the bank deducted the maturity value of the dishonored note plus a $$60$ service charge from Alaska State's bank account on the due date of the note.

Required:

Prepare the entrles in general Journal form that Alaska State Company would make.

Note: Use $360$ days a year.

Journal entry worksheet

$1$

Record entry for dishonor of Samuel Adams discounted note.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$July $25,20$x$1,$Notes receivable$-$Discounted,$4,400,],[,$Accounts receivable$/$Samuel Adams,,$],[,$Cash,,$]]$